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“I can’t predict the future. Obviously I think to the extent that our industry can get more and more effective at reducing their carbon emissions, that will enable them to be a better part of the world energy scene,” Morneau told Bloomberg Television anchor Francine Lacqua in Davos, Switzerland on the sidelines of the World Economic Forum.

They say that “cash is king,” but billionaire hedge fund manager Ray Dalio told the World Economic Forum in Davos, Switzerland that “cash is trash” and investors should put their money to work in the markets.

Highlighting a “considerably more focused” bank pared back by exits from more than 20 countries, Bank of Nova Scotia Chief Executive Officer Brian Porter said he has positioned the bank to expand once more.

While the Ottawa-based central bank kept its policy rate unchanged at 1.75 per cent for a 10th-straight decision, it acknowledged the domestic weakness at the end of last year is already spilling over into 2020, and could even persist.

“We are closing our bricks-and-mortar stores to focus more on our e-commerce business as well as our key wholesale customers,” wrote Lawrence Routtenberg, co-president of Freemark Apparel Brands, in an email to BNN Bloomberg.

The latest MNP Consumer Debt Index published Monday shows 50 per cent of respondents said they're within $200 of not being able to cover their monthly bills, and nearly an equal proportion of participants in the survey (49 per cent) said they aren't confident in their ability to cover expenses without going deeper into debt.

Intel Corp. gave bullish quarterly and full-year revenue forecasts, suggesting personal-computer demand remains strong and purchasing by data center owners has come surging back. The shares jumped as much as 7.2% in late trading.

“If things are so great, why did the Fed have to cut rates last year?” he said in an interview at Bloomberg’s Toronto office. “If things are so great, why did the Fed have to embark on QE4, that we’re not supposed to call QE4?”

A group of former Wells Fargo & Co. executives are facing almost $59 million in fines and bans from the U.S. banking industry over their roles in the firm’s scandals as regulators show more appetite to go after individuals.